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A look at newly approved spending for the Port of Charleston
The State Ports Authority's board of directors last week approved a budget for the coming fiscal year starting July 1 that envisions almost $173 million in operating revenue and 975,000 containers coming across its docks. Here are some of the big-ticket projects and developments affecting the SPA's finances: Post-Courier
Submitted 2 years 100 days ago

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Chester County finally wins big manufacturer
RICHBURG, S.C. — Chester County officials are celebrating after years of failing to land a giant manufacturing plant. Singapore-based Giti Tire announced last week it will build its first North American plant near Richburg, hiring 1,700 people to make passenger and light truck tires. The State
Submitted 2 years 100 days ago

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U.S. Supreme Court cuts back climate change regulation
The U.S. Supreme Court on Monday issued a mixed ruling on a challenge to part of President Barack Obama’s greenhouse gas regulations by exempting a small proportion of facilities from a federal air pollution program while allowing most major pollution sources, including power plants and refineries, to be included. Reuters
Submitted 2 years 100 days ago

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U.S. manufacturing expands in June at fastest rate in four years: Markit
The U.S. manufacturing sector expanded more strongly than expected in June, with the rate of growth and key subindexes advancing to their highest levels in more than four years, an industry report showed on Monday. Reuters
Submitted 2 years 100 days ago

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America’s Worst Companies to Work For
Employees can now share their opinions about employers online. As a result, companies face new reputation risks that can affect their customers and shareholders. 247wallst.com
Submitted 2 years 100 days ago

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Here Are The Biggest Companies By Revenue In Each State
Broadview based its map on revenue information from a Hoover's database of company profiles, and used the location of each company's corporate headquarters to determine which businesses "belonged" to which states. Huffington Post
Submitted 2 years 100 days ago

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GOP to push for tax cuts, but can Texas afford them?
AUSTIN — Leading state Republicans and some of their most vocal backers have turned up the volume in demanding tax cuts, as lawmakers anticipate a surplus about seven months before they return to Austin. Sen. Dan Patrick, the GOP nominee for lieutenant governor, has urged cuts in property and business taxes. Dallas Morning News
Submitted 2 years 100 days ago

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Texas a Testing Ground for Energy Storage
LANCASTER — No one at the equipment lot here would blame you for failing to notice the drab green box sitting across from the spare transformers. But the lithium ions inside that refrigerator-size container are part of a wave of energy storage technology that could help Texas revolutionize its electric grid. Texas Tribune
Submitted 2 years 100 days ago

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Is Nashville the nation’s next $100 billion city?
Nashville’s economy ranks as one of the fastest-growing in the country, joining other booming cities like Austin and San Jose, according to a new report on metro economies released Friday at the United States Conference of Mayors. The Tennessean
Submitted 2 years 100 days ago

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Ryman ready to seize on Nashville's tourism growth
Whether chairing the state's tourism committee, investing in a new restaurant or touting the accomplishments of Ryman Hospitality, no one is singing the praises of Nashville's booming tourism market more than CEO Colin Reed. The Tennessean
Submitted 2 years 100 days ago

 

 

 

Features & Opinion

 Randle Report - Business News in the South

For those who still languish over "losing to China" or believe that the economy is still in recession, wake up and smell the data. Economic development in the South was about as good as it gets in calendar year 2015 according to the data. And as for China, borrowing a quote from the late football coach Bear Bryant that he made in the half-time locker room down 15-0 to Georgia Tech in 1960, "We got 'em right where we want 'em." For those of you who don't know the rich history of Alabama Crimson Tide football, Bama scored all of its 16 points in the fourth quarter, kicking a field goal on the last play of the game to beat Tech 16-15.
 

 Randle Report - Business News in the South

 FEATURE  
By Mike Randle
Today, factories in the U.S. make twice as much product as they did in 1984. And they are doing it with one-third of the manufacturing workforce. In fact, the output of durable goods in 2015 was the highest in the nation's history. So, we do have a strong manufacturing base, at least in the South, much of the Midwest and parts of the West, and it is getting stronger because on a cost-basis, we can compete with any major manufacturing nation in the world.  
 

 Randle Report - Business News in the South

FEATURE     
The argument for or against a minimum wage hike continues between the reds and the blues, as well as within the economic development community in the South. Should we stay the course with a minimum wage under $8 an hour to better compete with Mexico, the South's biggest competitor for jobs, or set a minimum wage just over $10 an hour, a wage floor most centrists support? That $10 per hour is, according to the MIT Living Wage Calculator, about right in most states in the South for one adult to be able to cover basic expenses plus all relevant taxes.
 
 Randle Report - Business News in the South
Recent data from the Computing Technology Industry Association (Comp TIA) showed that the technology industry is one of the fastest growing job generators in the South and the nation. The report also indicated that technology job compensation is growing faster than any other sector.
 


 

 

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